Insights Gallery

Tax Season 2025: Key Tips for a Smooth Filing

By Johnson & Sheldon | January 24, 2025

As January winds down, tax season is officially here! To help you navigate the process smoothly, here are a few essential reminders.

2025 Tax Filing Deadlines: Key Dates to Remember

By Johnson & Sheldon | January 24, 2025

Stay on top of your tax filing obligations with this quick guide to the 2025 filing deadlines.

2025 Federal Payroll Tax Changes

By Johnson & Sheldon | January 23, 2025

Stay updated with our comprehensive review of the 2025 federal payroll tax changes.

A Nonprofit’s Guide to Weathering Policy Changes

By Johnson & Sheldon | January 23, 2025

When policies change and priorities shift, nonprofits need to stay flexible and focused. This guide highlights practical strategies, from diversifying funding streams to sharpening compliance efforts, all aimed at strengthening your organization’s resilience. With the right preparation and professional financial guidance, you can maintain your mission’s momentum, no matter what the future brings.

Partnership tax filing checklist 2024: More data requests, audits and complexity

By RSM US LLP | January 22, 2025

Comprehensive checklist for partnership tax filing in 2024, addressing new data requests, audits and compliance complexities

Choosing between donor-advised funds and private foundations

By Johnson & Sheldon | January 22, 2025

Choosing the right charitable giving vehicle can make all the difference in achieving your philanthropic goals. Whether you’re drawn to the simplicity of a donor-advised fund or the control and legacy-building potential of a private foundation, understanding the key differences is essential. Explore how these tools can amplify your impact and help you create a lasting legacy.

Maximize your QBI deduction with thoughtful planning

By Johnson & Sheldon | January 21, 2025

Discover key strategies to maximize your Qualified Business Income (QBI) deduction before it potentially expires in 2025. Learn how to navigate phaseouts, entity structures, and more to enhance your tax savings. Stay ahead with smart planning and ensure you capture this valuable opportunity.

Understanding Non-Deductible IRAs: A Smart Retirement Strategy

By Johnson & Sheldon | January 21, 2025

When planning for retirement, it's essential to explore all available options to maximize your savings. In this article, we'll delve into the benefits, limitations, reporting requirements, and potential future tax implications of non-deductible IRAs.

Proactively identifying and addressing employee burnout

By Johnson & Sheldon | January 17, 2025

Employee burnout can have devastating effects on your business, leading to increased turnover, decreased productivity, and low employee satisfaction. This article provides valuable insights on how to proactively identify and address burnout, offering practical solutions to promote a positive work environment and improve overall team performance.

From partnerships to side gigs, who really owes self-employment taxes?

By Johnson & Sheldon | January 15, 2025

Explore the impact of a recent legal shift that broadens the scope of self-employment taxes, including limited partners and gig workers. Learn how everyday activities could land you in the self-employment tax bracket and how to avoid potential penalties.

Business transition planning: What is an ESOP and when is it the right choice?

By RSM US LLP | January 13, 2025

Is an ESOP right for your business transition? Join RSM's webcast for insights on planning and benefits.

Decoding income definitions: AGI, MAGI, and taxable income explained

By Johnson & Sheldon | January 13, 2025

Navigating the U.S. tax system can be complex, particularly when understanding critical concepts like Adjusted Gross Income (AGI), Modified Adjusted Gross Income (MAGI), and Taxable Income. These definitions impact your tax liability and eligibility for various deductions and credits, playing a pivotal role in financial planning. Empower yourself with the knowledge to make informed tax decisions by decoding these essential terms in our latest article.

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